Store
Created in 1988, on the initiative of oil operators, SAGESS has the purpose of building up and maintaining strategic oil reserves, allowing its shareholders to delegate their obligation.
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Product volumes are defined in quality and quantity considering the legal technical requirements, the usefulness in crisis for the operators and the means of SAGESS within the framework of a dialogue with CPSSP.
SAGESS's purchases of oil products are made by tenders posted on its business portal.
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Planning
Since 1928, French law has required the permanent availibility of three months of oil stocks.
The international organizations (UE/IEA) to which France subsequently joined, adopted the same type of precautions.
Financing
SAGESS manages a secured financing of strategic oil reserves. Thanks to diversified financing and a responsive financial policy, SAGESS is recognized for its financial stability.
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SAGESS's stocks are backed by a crisis management system. This system, at the request of the State, allows the SAGESS's stocks to be made available to oil's operators.
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